Bitcoin hovered around $77,700 after a brief dip below $77,000, with data showing the recent drop was a leverage flush rather than a major market breakdown. Analysts highlight the $75,000 to $77,000 range as a crucial support zone, noting liquidations were balanced between longs and shorts. Rising U.S. Treasury yields and geopolitical tensions, especially U.S.-Iran relations affecting oil prices, are pressuring Bitcoin, likely keeping it range-bound unless these factors ease. The next market catalyst may come from geopolitical developments that could reduce inflation and yield pressures, allowing Bitcoin to rebound.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
